The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?

I have clients right now that get frustrated because they want me to tell them what they want to hear and overextend instead of telling them to the truth and acting as a trusted advisor.

The truth is that leases benefit the tenants more than the landlord.

Asking residents to confirm they had no prior evictions, met income requirements, and had the minimum credit score didn’t ensure they were going to tell us the truth, but it did at least allow the honest ones to opt themselves out.

@John Kim there's a lot of truth in what @Greg Scott writes.We manage almost 700 doors, almost 100 of them being S8.The biggest mistake we see investors make is not understanding the Class of property they are investing in and not adjusting their ROI equations correspondingly.My manager Drew owns several rentals in the City of Detroit that we also manage.

https://finance.yahoo.com/news/anton-ivanov-millionaire-story-truth-210757837.html

I am old enough to have no interest in politics, half truths and partial friends… if I set fire to a bridge BEFORE I cross is….

I didn't need it and I'm successful, while it may be true, sort of deflects from the other truth, which is that the IRR will help the vast majority of people if they only had a Cash on Cash Return as their only calculation in their financial toolbox.It is sort of like when someone says, HEY....

It has the appearance of accuracy and truth.

Most examples miss so many details that the stock market appears to match real estate, which is far from the truth.